Building Bridges: Your Community and Labor Report
National Edition - 27:23
Produced by Ken Nash and Mimi Rosenberg
Prostrated At the Altar of the Balanced Budget: Sacrificing Social
Security, Medicare, and Economic Recovery
James Galbraith, Lloyd M. Bentsen, Jr. Chair in Gov't/ Business
Relations, Lyndon B. Johnson School of Public Affairs, University
of Texas at Austin
The Simpson-Bowles deficit reduction Commission established by the
president, will deliver an attack on Social Security and Medicare dressed
up in the sanctimonious rhetoric of deficit reduction. The Obama spending
freeze is another sacrifice to the deficit gods. But, the deficit phobia of Wall Street, the press, some economists and practically all politicians is one of the deepest dangers that we face. It's not just the old and the sick who are threatened; we all are. To cut federal budget deficits without first rebuilding the economy is a sure path to stagnation, to a double-dip recession--even to a second Great Depression.
It's Time to Play "Social Security Survivor"
Gerald W. McEntee, President American Federation of State, County and
A broad coalition of groups has been formed to defend Social Security. Of all the ideas proposed this one comes from AFSCME President Gerald W. McEntee:
A new reality show starring the people who want to cut Social Security. He suggests having John Boehner, billionaire benefit-cut advocate Peter G. Peterson, and Deficit Commission chairs Alan Simpson and Erskine Bowles live for a year on the average Social Security benefit of $14,000.
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